TMK Energy: Completes initial exploration program at Gurvantes, Mongolia

TMK Energy Completes initial exploration program at Gurvantes, Mongolia

• TMK Energy (TMK) and Talon Energy (TPD) complete the initial exploration drilling program at the Gurvantes XXXV project in the South Gobi Basin, Mongolia
• Following completion, TMK engaged Netherland, Sewell & Associates to commence the company’s maiden independent contingent resource assessment of the project
• The assessment is expected to take around six weeks to complete and will integrate the new data obtained from the initial exploration drilling program
• With this completion, Talon, which has a 33 per cent working interest in the project, will have up to 90 days to choose to proceed to the second stage of funding
• Shares in TMKEnergy are down 6.67 per cent to trade at 1.4 cents while shares in Talon are up 3.23 per cent to trade at 16 cents at market close